SG Fleet is a market leader in integrated mobility solutions and leasing services in Australia, New Zealand and the United Kingdom, managing over 270,000 vehicles and serving more than 1,500 clients across all sectors.
The transformational transaction provides immediate and certain value for shareholders, while positioning SG Fleet for future strategic growth with the support of PEP. Under the scheme, SG Fleet shareholders received $3.50 cash per share, with select members of SG Fleet’s management being offered the opportunity to roll their equity interest into the acquirer and to participate in the future growth prospects of the company.
G+T advised SG Fleet on all aspects of the transaction. The team was led by Corporate Advisory partners Costas Condoleon, Kevin Ko and Wes Bainbridge and lawyers Beverly Parungao, Mitch Frankland and Joshua Giesser, with support from Disputes and Investigations partner Alexandra Whitby and lawyers Melissa Haddad and Paris Hamrey.
Condoleon and Ko commented:
We are very proud to have supported SG Fleet. This transaction marks a significant development in the fleet management and mobility solutions sector, and we look forward to seeing SG Fleet’s continued growth under its new ownership.
The transaction was signed on 4 December 2024 and completed on 30 April 2025.
